Dear readers The last time I blogged was in June 2021 during the start of Covid when I slept for the 12th year as a homeless lawyer in the CEO Sleepout. I admit I have been lazy and it is time to get back to blogging about the law. I am doing the CEO Sleepout again this June 2023 for the 14th year. Still hoping to raise funds for the...
If you are a parent thinking of providing financial support to your child, whether to assist them in purchasing a property, or just to tide them through tougher times, you need to consider the following first. Do you intend to provide a gift, or is it a loan? Why is it important to distinguish between the two? Many parents think there is no need to formalise matters when it comes...
When do I need to consider a will? What is the effect of leaving this world without one? General Information On Wills Why Do you need a Will? Make the most difficult time for loved ones easier. Name who takes care of your children. Prevent bitter family battles. This is especially important if there has been a second marriage. Simplify the legal process. Name who gets your assets. If you...
I have previously written in one of my newsletters about the many reasons why a will should always be prepared so that your wishes after your death in regards to your wealth distribution can be expressed. As indicated previously, the absence of a will means that the distribution of your estate is governed by the Administration Act 1903 (WA). Now, I wish to discuss possible problems that may arise even...
Whether you are an employee or an employer, one of the main concerns about life nowadays is superannuation. We are constantly being reminded by financial advisors that baby boomers need to look after themselves when they retire. The news gets even bleaker when you consider how a marriage break up affects your superannuation. With the new Family Law Legislation Amendment (Superannuation) Act 2001 introduced in December 2002, superannuation can now...
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